Gas prices threaten Obama re election gains
President Barack Obama faces growing political pressure as gasoline nears four dollars a gallon and economists warn of broader economic pain. The Associated Press poll shows seven in ten view the issue as important as Republicans sharpen energy attack lines, touting drilling reforms and a path to lower fuel costs.
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Barack Obama
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Middle East
Obama apologizes amid Quran protest fury in Afghanistan
President Obama apologized to Afghans for the Quran burn at Bagram Air Field as protests spread for a third day. An Afghan soldier killed two U.S. troops as crowds gathered, while police and international forces fired in the air to scatter demonstrators.
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Panera to expand pay what you wish cafes this year
Panera Bread plans at least two new pay what you want cafes to aid hunger relief. Locations will be announced this spring with one possible opening by summer and another by fall. About 15 to 20 percent pay more, roughly the same pay less or nothing, enough to break even.
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Panera Bread
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Kate Antonacci
Antonacci
Poll shows millionaire tax support split with spending cuts preferred
An AP-GfK poll finds 65 percent support Obama’s plan to tax millionaires at 30 percent or more, while 56 percent favor cuts in government services over higher taxes. Democrats hold a slight favorable edge, though Congress unlikely to pass the tax proposal amid 2012 campaigns.
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Senate
Markets End Lower On Thursday With Mixed Dow Rebound
Thursday trading showed the Dow up 46.02 to 12,984.69 while the Nasdaq rose 23.81 to 956.98 and the S&P 500 gained 5.80 to 1,363.46. Treasuries fell with the 30 year down 0.03 to 3.12 percent as grains and metals moved in varied directions with corn at 125 cents and $6.40 per bushel, soybeans at $12.77, wheat at $6.80, oil up $1.55 to $107.83, and gold advancing $15 to $1,786.30. Silver rose to $35.55 and platinum to $1,723 an ounce.
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